[Diopos]

Originally Posted by Skybird

Interesting to see how the interest in such stories grows the closer the place it where they take place. In Argentine some years ago, things were more serious, I would say, but almost nobody gave a damn.

However, Argentine is on the path of recovery, somewhat, so even if Iceland may fall even deeper, sooner or later it reaches the point from where things can only improve again.

May it serve as a warning to all who think the old financial system could be left untouched. It were serious inherent flaws that prevented the system from functioning properly and as advertised, that led to this. Just having sympathy for the Icelanders is not enough. In fact, it is worth nothing. The consequences we draw from the lessons learned is what decides what our sympathy will be worth.

In germany, banks are hesitent to make use of the finacial aid package the government readied for them to raise trust and keep capital flowing between banks. That is because accepting aid from that package would mean to limit the monthly income of top managers to half a million, which is one of the conditions the government has (rightfully) attached to it. The govenrment already begs them on it's knees to make use of the package, to prevent even more damage for the economy. but it seems that many bosses think that it is better to milk their bank even more and by that they accept that maximizing of damages to the state and the community instead of putting limits to their greed for more excessive monthly wages. that such people will never learn the lessons and enver will act not responsibly, but selfishly, is clear, and that the needed changes and corrections will not happen if things are left to these kinds of people, is a certain thing.

Eventually we will be thinking if there must a limit on how rich a person can be...:hmm: